How many people are in your party, BeckyMomof2? If it's a small group (say just 2 adults), then maybe it's worth staying as close as possible to the parks. Just based on threads here, the regular rooms seem fine but aren't "mind-blowing" given the higher cost and slightly farther location. Plus, if you don't have kids with you, the cool water play area is irrelevant.
Now, if you get a Kids' Suite, I think it seems to be nearly unanimous that those are amazing. You get two full bathrooms, cute theming/decor, 2 flat screens, Keurig, microwave, mini-fridge, bunk bed and sofa bed for the kids, huge comfy King bed for the parents, and for a decent price (not the "steal" it was a few years ago with the $99 Entertainment Card rate but still a fraction of the $800+/night for on-site suites).
We are staying there again next week and I hope to get the Kids Suite until my kids are old enough to skip their naps. It's farther than other places, but he 8 minute walk (while pushing 70+ pounds of kids in a double stroller) wasn't bad at all on our 2011 trip.